House lawmakers add credit card competition bill

Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

By Caitlin Mullen • Sept. 20, 2022

Modern Treasury, Goldman Sachs team up

The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.

By Tatiana Walk-Morris • Sept. 19, 2022

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

MoneyGram CEO bullish on stablecoins

The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.

By Suman Bhattacharyya • Sept. 19, 2022

Biden advances digital asset regulation

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

By Anna Hrushka • Sept. 16, 2022

CFPB mulls rules for BNPL

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

By Lynne Marek • Sept. 15, 2022

Amex, Discover see lasting credit changes

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

By Caitlin Mullen • Sept. 15, 2022

Visa raises concerns on new gun code

Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.

By Lynne Marek • Sept. 14, 2022

Fiserv CEO downplays margin pressure

CEO Frank Bisignano said expenses related to “synergy work” have tapered off, with benefits becoming visible in the second half of the year.

By Caitlin Mullen • Sept. 14, 2022

Holiday spending to rise 7.1%: Mastercard

The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season. 

By Tatiana Walk-Morris • Sept. 13, 2022

Zelle counters scam talk with growth rates

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

By Lynne Marek • Sept. 12, 2022

Visa to adopt new coding for gun merchants

Card network juggernaut Visa said it will adhere to a new standard for identifying independent gun shops with a unique merchant code after an international body adopted the new approach last week.

By Caitlin Mullen and Lynne Marek • Sept. 12, 2022

JPMorgan buys payments firm Renovite

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

By Lynne Marek • Sept. 12, 2022

Gun merchant code approved for card purchases

An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

By Caitlin Mullen • Updated Sept. 9, 2022

Google invests in new cohort of Black entrepreneurs

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

By Tatiana Walk-Morris • Sept. 9, 2022

New Fed official speaks to payments, crypto and FedNow

Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow.

By Dan Ennis • Sept. 8, 2022

Basic income pilots gain momentum across US cities

At least a dozen U.S. cities have implemented unconditional direct cash payment programs over the past year, as advocates seek to build evidence and experts debate the most effective structures.

By Gaby Galvin • Sept. 8, 2022

Mesh Payments raises $60M

The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

By Tatiana Walk-Morris • Sept. 8, 2022

Visa, Mastercard face cross-border fee questions in U.K.

The U.S. card giants are taking a stand in defense of their services for cross-border transactions as U.K.’s parliament and regulators scrutinize higher fees.

By Lynne Marek • Sept. 7, 2022

Strange bedfellows question CBDC

The Fed has an uphill effort ahead in pursuing a central bank digital currency, as evidenced by extensive skepticism from two disparate groups.

By Lynne Marek • Sept. 6, 2022

Consumers need credit card reform

“It's not just merchants at the mercy of the oligopoly,” writes Ed Mierzwinski, a senior director at the Public Interest Research Group. “Consumers all pay more at the store and more at the pump.”

By Ed Mierzwinski • Sept. 2, 2022

Go slow on a CBDC, Nacha says

The biggest payment system in the U.S. recommends limited implementation of a central bank digital currency if the Federal Reserve pursues that digital dollar.

By Lynne Marek • Sept. 2, 2022

Credit card interest rates reach record

With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August.

By Lynne Marek • Sept. 2, 2022

Who’s afraid of FedNow? Not Visa

Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.

By Lynne Marek • Sept. 1, 2022

U.S. adults using mostly cash drops sharply

Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.

By Debbie Carlson • Aug. 31, 2022

Digital wallets dig in

Continued adoption of digital wallets is likely to depend on the services that providers add, said Charlotte Principato, a financial services analyst for polling firm Morning Consult.

By Caitlin Mullen • Aug. 30, 2022